Southern Empire Resources (CVE:SMP) Shares Down 27.3% – Here’s Why

by · The Markets Daily

Shares of Southern Empire Resources Corp. (CVE:SMP – Get Free Report) were down 27.3% on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 198,002 shares changed hands during trading, an increase of 205% from the average daily volume of 65,020 shares. The stock had previously closed at C$0.06.

Southern Empire Resources Stock Down 27.3%

The firm’s 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.04. The company has a market capitalization of C$2.78 million, a PE ratio of -0.22 and a beta of 1.20.

About Southern Empire Resources

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Southern Empire Resources Corp. engages in the acquisition, exploration, and development of metals and mineral resources in North America. It explores for gold deposits. The company was formerly known as Owl Capital Corp. and changed its name to Southern Empire Resources Corp. in March 2018. Southern Empire Resources Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

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